Gaming

Wynn Macau expecting to take more market share in 2021, flags less reliance on junkets

Friday 05 de February 2021 / 07:12

⏱ 1 min read

(Macau).- Wynn Macau Ltd is confident it will claim more market share in the premium mass segment this year than it has held in the past, boosted by the return of some “bigger players” during the upcoming Chinese New Year period.

Wynn Macau expecting to take more market share in 2021, flags less reliance on junkets

Despite experiencing more subdued volumes across all gaming segments in January – the result of COVID-19 outbreaks across mainland China and resulting travel restrictions – Wynn executives were overwhelmingly positive about the company’s prospects during a 4Q20 earnings call Friday morning.

Wynn Resorts has reported a loss of US$216 million at its Macau resorts during the three months to last 30 September 2020, impacted by COVID-19 restrictions that continued to prevent cross-border travel throughout that quarter. Revenue for the three-month period fell 93.7% to US$67.1 million with an Adjusted EBITDA loss of US$112.1 million, slightly improved from revenue of just US$20.6 million and Adjusted EBITDA loss of US$193.5 million in 2Q20.

Categoría:Gaming

Tags: Sin tags

País: Macao

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